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EZJ vs. EW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between EZJ and EW is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.3

Performance

EZJ vs. EW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra MSCI Japan (EZJ) and Edwards Lifesciences Corporation (EW). The values are adjusted to include any dividend payments, if applicable.

0.00%500.00%1,000.00%1,500.00%JulyAugustSeptemberOctoberNovemberDecember
114.98%
1,304.83%
EZJ
EW

Key characteristics

Sharpe Ratio

EZJ:

0.19

EW:

-0.02

Sortino Ratio

EZJ:

0.50

EW:

0.26

Omega Ratio

EZJ:

1.06

EW:

1.05

Calmar Ratio

EZJ:

0.17

EW:

-0.01

Martin Ratio

EZJ:

0.66

EW:

-0.04

Ulcer Index

EZJ:

10.15%

EW:

19.36%

Daily Std Dev

EZJ:

35.60%

EW:

41.60%

Max Drawdown

EZJ:

-58.63%

EW:

-54.32%

Current Drawdown

EZJ:

-29.73%

EW:

-42.11%

Returns By Period

In the year-to-date period, EZJ achieves a 5.17% return, which is significantly higher than EW's -0.79% return. Over the past 10 years, EZJ has underperformed EW with an annualized return of 5.16%, while EW has yielded a comparatively higher 13.41% annualized return.


EZJ

YTD

5.17%

1M

1.80%

6M

-3.77%

1Y

5.26%

5Y*

0.11%

10Y*

5.16%

EW

YTD

-0.79%

1M

4.97%

6M

-18.10%

1Y

-1.38%

5Y*

-0.66%

10Y*

13.41%

*Annualized

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Risk-Adjusted Performance

EZJ vs. EW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and Edwards Lifesciences Corporation (EW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for EZJ, currently valued at 0.19, compared to the broader market0.002.004.000.19-0.02
The chart of Sortino ratio for EZJ, currently valued at 0.50, compared to the broader market-2.000.002.004.006.008.0010.000.500.26
The chart of Omega ratio for EZJ, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.001.061.05
The chart of Calmar ratio for EZJ, currently valued at 0.17, compared to the broader market0.005.0010.0015.000.17-0.01
The chart of Martin ratio for EZJ, currently valued at 0.66, compared to the broader market0.0020.0040.0060.0080.00100.000.66-0.04
EZJ
EW

The current EZJ Sharpe Ratio is 0.19, which is higher than the EW Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of EZJ and EW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
0.19
-0.02
EZJ
EW

Dividends

EZJ vs. EW - Dividend Comparison

EZJ's dividend yield for the trailing twelve months is around 2.05%, while EW has not paid dividends to shareholders.


TTM202320222021202020192018
EZJ
ProShares Ultra MSCI Japan
2.05%1.11%0.56%0.00%0.00%0.24%4.49%
EW
Edwards Lifesciences Corporation
0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

EZJ vs. EW - Drawdown Comparison

The maximum EZJ drawdown since its inception was -58.63%, which is greater than EW's maximum drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for EZJ and EW. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%JulyAugustSeptemberOctoberNovemberDecember
-29.73%
-42.11%
EZJ
EW

Volatility

EZJ vs. EW - Volatility Comparison

ProShares Ultra MSCI Japan (EZJ) has a higher volatility of 10.02% compared to Edwards Lifesciences Corporation (EW) at 8.09%. This indicates that EZJ's price experiences larger fluctuations and is considered to be riskier than EW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%30.00%35.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
10.02%
8.09%
EZJ
EW
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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